2 February 2021
New report launched today maps ocean finance, revealing trends in lending, underwriting and investment activities which impact the ocean. Download now.
Banks, insurers and investors have a major role to play in financing the transition to a sustainable blue economy, helping to rebuild ocean prosperity and restore biodiversity to the ocean. Through their lending, underwriting and investment activities, as well as their client relationships, financial institutions have the power to accelerate and mainstream the sustainable transition of ocean-linked industries.
The Rising Tide: Mapping Ocean Finance for a New Decade reveals the frameworks and financial instruments that are successfully addressing ocean sustainability and highlights new opportunities and gaps in the market. It looks across five major ocean-linked sectors chosen for their established connection with private finance: seafood, ports, shipping, coastal and marine tourism and marine renewable energy. Click here to download the report.
This forward-thinking report builds on the United Nations’ Sustainable Blue Economy Finance Principles. A world first, these remain a keystone in the market, designed for financiers to align their activities with Sustainable Development Goal 14, ‘life below water’. By following these Principles, and building sustainable blue practices into their decision-making processes, the financial sector has a unique opportunity and a clear imperative to steer the ocean economy towards sustainability.
.Financial institutions have the power to accelerate and mainstream the sustainable transition of ocean-linked industries. Read @UNEP_FI's latest report on #mappingoceanfinance for more: http://bit.ly/RisingTideReport Click To Tweet
About UNEP FI
The UN Environment Programme Finance Initiative (UNEP FI) is a global partnership bringing together the UN with more than 350 banks, insurers and institutional investors to develop the sustainable finance agenda. UNEP FI has established some of the most important sustainability oriented frameworks within the finance industry, including the Principles for Responsible Banking, the Principles for Sustainable Insurance, and the Principles for Responsible Investment.
About the Sustainable Blue Economy Finance Initiative
UNEP FI convenes a global financial community on Sustainable Blue Finance, focused on the ocean and sustainable use of marine resources which supports the implementation of the Sustainable Blue Economy Finance Principles. The initiative works across the financial community to provide guidance and frameworks to ensure investment, underwriting and lending activities are aligned to the UN Sustainable Development Goal 14, ‘life below water’ enabling financial institutions to rebuild ocean prosperity, restore biodiversity and regenerate ocean health.
The initiative is generously funded by the European Commission and co-funded by the Swedish Government via the UN Environment Programme Sustainable Blue Economy Initiative.